10 Jun 2016 07:22
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Don't have an account? Click here to register.Laird said to consider sale of precision metals division
Mon, 13th Feb 2017 07:59
(ShareCast News) - Laird is said to be considering the sale of one of its major divisions as it struggles to turn its business around.According to The Telegraph, the FTSE 250 electronics component maker, whose shares have fallen sharply since its profit warning in October and rights issue in December, is looking to sell its precision metals division.The unit makes high-specification parts for electronic equipment such as smartphones and has annual revenues of about $250m, which makes up about a quarter of Laird's total. The Telegraph cited sources as saying that a sale of the unit was an option but not a certainty. Sources also said Laird has received informal approaches about selling the precision metals business but these have only been at a very early stage.Precision metals was a big contributor to the company's profit warning last year, with operational and commercial issues meaning profit was £20m below consensus forecasts at £50m. At 0808 GMT, the shares were down 0.6% to 166.50p.
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Laird confident on second half growth after strong Q1
(ShareCast News) - Laird said first quarter revenue grew 15% to £171m, in line with expectations and was confident of growth weighted towards the second half of the year. On an organic basis in constant currency, revenue was down 2%. Laird makes systems, components and solutions that protect electr
Read more27 Apr 2016 06:35
Apple crunched as iPhone's quarterly sales fall for first time
(ShareCast News) - Apple lost a titanic $46bn in market value as its shares fell 8% in after-hours trading as the tech company confirmed the iPhone's first ever quarterly decline in sales and so missed analysts' expectations for sales and earnings. Sales of iPhones sank 16% to 51.2m in the three mon
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BUZZ-Apple suppliers: bruised by report of iPhone production cut
** Dialog Semi -4.8%, AMS -3.6%, Imagination Tech -3.4%, ARM Holdings -3%, Laird -0.9% ** Apple to continue reduced iPhone production in April-June quarter due to sluggish sales, Nikkei reports, citing parts suppliers notified of plan (http://s.nikkei.com/23C81i1) ** Apple shares -2%
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Laird full year profit up, confident on 2016
(ShareCast News) - Electronics and technology company Laird posted a jump in underlying pre-tax profit for 2015 and said it was confident in the prospects for this year. For the year to the end of December, underlying pre-tax profit rose 16% to £73.1m on revenue of £630.4m, up 12% despite more chall
Read more28 Feb 2016 14:58
Sunday share tips: Direct Line, Laird, Brewin Dolphin
(ShareCast News) - Direct Line shares are worth holding, said the Sunday Times' Inside the City column ahead of Tuesday's annual results for the insurer. Full year profits are forecast to have reversed moderately, but things look better going forward, with a new online marketing campaign launched la
Read more24 Feb 2016 16:02